PROSPECT HOME CARE-HOSPICE INC

EIN: 840884609 501(c)(3) Human Services

Florissant, CO

Total Revenue
$214,994
Total Expenses
$503,499
Total Assets
$1,810,224
Net Assets
$1,807,082
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
CO
Phone
7196494770
Tax Period
2024-07-01 to 2025-06-30

PROSPECT HOME CARE-HOSPICE INC, founded in 1982, is a small nonprofit in the Human Services sector that reported $215K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $503K exceeded revenue, resulting in a 134% operating deficit.

Mission

Providing connections to health resources bereavement support and end of life information.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $16,761
Program Service Revenue $0
Investment Income $198,233
Other Revenue $0
TOTAL REVENUE $214,994

Expense Breakdown

Grants Paid $296,290
Salaries & Benefits $191,792
Fundraising Expenses $0
Program Expenses $503,499
Other Expenses $15,417
TOTAL EXPENSES $503,499

Year-over-Year Comparison

2024 2023 Change
Revenue $214,994 $258,369 -0.2%
Expenses $503,499 $183,614 +1.7%
Net Income $-288,505 $74,755 -4.9%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
2
Employees
1
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$150,000
Total Directors
3
$150,000
Key Employees
1
$150,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Glenn Barrowman Chairman 0.25
Officer Director
$0 $0 $0
Kristi Olson Director 0.25
Director
$0 $0 $0
Mary H Barrowman CEO President 20.00
Officer Director Key Emp Highest
$150,000 $0 $150,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $214,994 $503,499 $1,810,224 $-288,505
2024 $258,369 $183,614 $2,096,824 $74,755
2023 $160,860 $225,019 $2,022,167 $-64,159
2022 $1,218,794 $379,885 $2,086,487 $838,909
2021 $1,061,255 $268,358 $1,391,987 $792,897
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